ISE FX Japanese Yen: the upside prevails.

By IBTimes Staff Reporter | January 21 2010 9:20 AM

Update on supports and resistances.Resistance3 : 100Resistance2 : 96Resistance1 : 93.5Last Price : 91.71Pivot Point: 88Support1 : 88Support2 : 86Support3 : 81.5Pivot: 88Our preference: Long positions above 88 with targets @ 93.5 & 96 in extension.Alternative scenario: Below 88 look for further downside with 86 & 81.5 as targets.Comment: the pair is pulling back on its former channel resistance which should act now as a support.1009693.591.71 (last)888681.5*USD/JPY Index: the ISE Exchange measures the strength and weakness of the US DOLLAR versus the JAPANESE YEN. For details go to www.ise.com

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